Singapore Stock Exchange

SGX Singapore : STI Technical Review 18 March

Alex Gray
Publish date: Wed, 18 Mar 2015, 07:31 PM
Alex Gray
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Market Review for STI: The Straits Times Index (STI) opened lower at 3,361, down 8.95 points or 0.27 per cent, weighed down by cautious sentiments as commodity prices fall and nervousness increased ahead of a Federal Reserve policy state.Asian stocks were mixed and the dollar marked time on Wednesday, with markets waiting for the US Federal Reserve's policy statement due later in the session for clues to when the Fed will hike interest rates.STI Chart
STI Day Performance
Open: 3357.97
High: 3373.57
Low: 3356.66
Close: 3361.75
Change(Points): -8.20
% Change: -0.24%
Volume: 961.3M
Rise: 126
Fall: 278
Unch: 377
Market forecast for STI: We may expect bearish rally in next trading session.
Straits Time Levels
Support 1: 3365
Support 2: 3345
Support 3: 3300
Resistance 1: 3400
Resistance 2: 3425
Resistance 3: 3440
Technical Indicators: RSI is at 40 and CCI is at -132.
Top Gainers: sia.sg, sgx.sg, golden agri-res.sg, jsh usd.sg, dbs.sg, global logistic.sg
Top Losers: noble.sg, capitamall trust.sg, thaibev.sg, starhub.sg, hph trust usd.sg
Important Factor for today:-
Sgx on issued a trade with caution regarding Civmec Limited, an investment holding company that provides heavy engineering and construction services to resources and infrastructure sectors in Australia.
  • Tata Consultancy Services, a leading IT services, consulting and business solutions organization, announced that it has expanded its presence in Singapore with the opening of the new 1,000-person TCS Singapore Banking and Financial Services (BFS) Centre.\
  • XMH Holdings, the diesel engine provider in the marine and industrial sectors, posted earnings of $4.8 million that for the nine months ended Jan (9M15). This was 38.8% lower than the $7.9 million posted a year earlier
  • Concern over a US interest rate hike kept sentiment in check at some of Asia's biggest firms, as optimism about the outlook for business over the next six months was near steady in the first quarter, a Thomson Reuters/INSEAD survey showed.
  • SGX this morning issued a "trade with caution" regarding Civmec Limited, an investment holding company that provides heavy engineering and construction services to resources and infrastructure sectors in Australia.
  • US Treasury Secretary Jack Lew said on Tuesday China will table an offer within days or weeks on which industries would remain protected from foreign investment under a bilateral investment treaty the two nations are negotiating.
  • Oil extended losses to a seventh day, with prices heading back into a bear market, before US government data projected to show crude stockpiles rose to a fresh record. The dollar weakened for a third day and emerging-market shares climbed before the Federal Reserve reports on policy.
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